CON 3990V- Pre practice Test 2
Questions
A change to solicitation is called a(n) ______________________:
Modification
Amendment
Do-over
Transformation - ANS-Amendment
A contract clause might?
Require a contractor to deliver an item by a specific date.
Tell an offeror the maximum number of pages that can be included in a proposal
Announce the time and place for a pre-proposal conference.
Establish the bid opening time and date. - ANS-Require a contractor to deliver an item by a
specific date.
A Cost Plus Incentive Fee contract specifies a target cost, a target fee, minimum and
maximum fees, and a fee adjustment formula.
True
False - ANS-True
A cost reimbursement type contract places upon the contractor maximum risk and
responsibility for all costs and resulting profit or loss.
True
False - ANS-False
A cost-plus-a-percentage-of-cost system of contracting is prohibited.
True
False - ANS-True
A fixed-price contract with economic price adjustment might be applicable when (select 2
that apply)
Market or labor conditions are stable
, Market or labor conditions are volatile
Contingencies that would otherwise be included in the contract price can be identified and
covered separately in the contract
Contingencies that would otherwise be included in the contract price cannot be identified and
covered separately in the contract - ANS-Market or labor conditions are volatile
Contingencies that would otherwise be included in the contract price can be identified and
covered separately in the contract
A Procurement Instrument Identifier (PIID) is a unique number identifying each solicitation,
contract, agreement, or order and related procurement instrument.
True
False - ANS-True
A responsible contractor is one who (select 4 that apply)
Has adequate financial resources or the ability to obtain them
Is able to comply with the required or proposed delivery or performance schedule
Admits liability even when not at fault
Has a satisfactory performance record
Has a satisfactory record of integrity and business ethics - ANS-Has adequate financial
resources or the ability to obtain them
Is able to comply with the required or proposed delivery or performance schedule
Has a satisfactory performance record
Has a satisfactory record of integrity and business ethics
A solicitation provision might?
Legally bind a contractor to deliver a product that meets a technical specification.
Describe all agency requirements in the foreseeable future.
Tell a potential offeror how it's proposal will be evaluated and considered for selection for
award.
Contractually obligate a contractor to submit supporting documentation. - ANS-Tell a
potential offeror how it's proposal will be evaluated and considered for selection for award.
Acquisition planning should begin as soon as the agency need is identifed.
Questions
A change to solicitation is called a(n) ______________________:
Modification
Amendment
Do-over
Transformation - ANS-Amendment
A contract clause might?
Require a contractor to deliver an item by a specific date.
Tell an offeror the maximum number of pages that can be included in a proposal
Announce the time and place for a pre-proposal conference.
Establish the bid opening time and date. - ANS-Require a contractor to deliver an item by a
specific date.
A Cost Plus Incentive Fee contract specifies a target cost, a target fee, minimum and
maximum fees, and a fee adjustment formula.
True
False - ANS-True
A cost reimbursement type contract places upon the contractor maximum risk and
responsibility for all costs and resulting profit or loss.
True
False - ANS-False
A cost-plus-a-percentage-of-cost system of contracting is prohibited.
True
False - ANS-True
A fixed-price contract with economic price adjustment might be applicable when (select 2
that apply)
Market or labor conditions are stable
, Market or labor conditions are volatile
Contingencies that would otherwise be included in the contract price can be identified and
covered separately in the contract
Contingencies that would otherwise be included in the contract price cannot be identified and
covered separately in the contract - ANS-Market or labor conditions are volatile
Contingencies that would otherwise be included in the contract price can be identified and
covered separately in the contract
A Procurement Instrument Identifier (PIID) is a unique number identifying each solicitation,
contract, agreement, or order and related procurement instrument.
True
False - ANS-True
A responsible contractor is one who (select 4 that apply)
Has adequate financial resources or the ability to obtain them
Is able to comply with the required or proposed delivery or performance schedule
Admits liability even when not at fault
Has a satisfactory performance record
Has a satisfactory record of integrity and business ethics - ANS-Has adequate financial
resources or the ability to obtain them
Is able to comply with the required or proposed delivery or performance schedule
Has a satisfactory performance record
Has a satisfactory record of integrity and business ethics
A solicitation provision might?
Legally bind a contractor to deliver a product that meets a technical specification.
Describe all agency requirements in the foreseeable future.
Tell a potential offeror how it's proposal will be evaluated and considered for selection for
award.
Contractually obligate a contractor to submit supporting documentation. - ANS-Tell a
potential offeror how it's proposal will be evaluated and considered for selection for award.
Acquisition planning should begin as soon as the agency need is identifed.
